The former England center half believes that Coady could add the steel that Arsenal are missing in the heart of their backline.
Campbell, who won the Premier League and FA Cup trophies with the Gunners, does not believe their current defenders are up to scratch.
"He's definitely got the kind of mentality Arsenal should be looking at in new players. He's definitely someone they should look at because he's so solid, he wants to defend.
"He can pass as well, he's quick, he's strong, he's good in the air. He's a good all-rounder and he's got a bit about him.
"He's at a good club now in Wolves, but he's actually someone I'd be looking at for Arsenal this summer. He's got a great attitude as well, and I like that."
Need a VPN? Or seeking to switch? Then support Tribal Football by clicking here to sign up with our official partners NordVPN. Not only will you receive the best VPN experience, but also great discounts by signing up via Tribal Football. Thanks for your support!